12. Technological Revolution
According to Eric Schmidt, executive chairman of Google’s parent company, Alphabet, “The top five most valued companies in America today are Apple, Google, Amazon, Facebook and Microsoft,” and Silicon Valley is responsible for 6% of the nation’s economy. The sector is in for a big shakeup if the Trump administration makes good on its plans. Trump’s forthcoming technology team’s first act is expected to be to pick a new FCC Chairman before moving on to revolutionize cybersecurity, net neutrality and internet freedom. Reshaping the technological landscape affects more than just these company’s economic factors, it stretches far around the globe while bringing the immigration issue into the mix along with it.
Vijay Vashee, an Indian-born general manager for Microsoft who immigrated to the U.S. in the 70s, spoke to GeekWire about Trump’s plans in response to Steve Bannon’s statement that, “When two-thirds or three-quarters of the CEOs in Silicon Valley are from South Asia or from Asia, I think… a country is more than an economy, we’re a civic society.” Vashee pointed out “America has worked largely on merit and has been built by hungry immigrants, along with hungry U.S.-born folks. The diversity adds to the success.” Trump’s appointment of Bannon as Counselor and Cheif Strategist, as well as H1-B Visa critic Jeff Sessions as Attorney General, makes it clear the administration is planning on sweeping, globally-scaled changes to the heart of the industry.